Wayfair shares have rallied 73% over the past year as new spending data signals a potential turnaround in the home-furnishings category. Bank of America's Consumer Spend Collective report showed e-commerce spending rose 13% year over year in May, while online penetration expanded 1.8 percentage points to 29.8%, and U.S. Census Bureau data indicated nonstore retailers rose 12.2% from a year earlier. The company reported first-quarter net revenue of $2.9 billion, up 7.4% year over year, with active customers reaching 21.4 million, a 1.4% increase. Wayfair is also expanding its physical-store footprint, announcing plans to open a roughly 135,000-square-foot store in Princeton, New Jersey, in 2027, adding to a pipeline that includes Cincinnati and other markets. Despite a net loss of $105 million, adjusted EBITDA rose to $151 million, and CEO Niraj Shah highlighted the best first-quarter adjusted EBITDA margin in five years.
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NVIDIA CorporationWayfair IncE-commerce spending data and Wayfair's own revenue growth indicate rising demand for home furnishings.
Bank of America Corp
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